Global Trade Management Software Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global trade management software market 2020 was valued at USD 590.2 million in 2016 and is on track to touch a valuation of USD 1352.9 million by 2023, estimates Market Research Future (MRFR). MRFR also anticipates that the market can attain a CAGR of 11.5% during the forecast period (2018-2023).
Some of the leading players in the global trade management software industry are-
Integration Point Inc, QuestaWeb Inc, Oracle Corporation, Livingston International Inc, MIC Customs Solutions, Amber Road Inc, Precision Software, SAP SE, Aptean Inc, MIQ Logistics, and others.
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Market Boosters and Top Challenges
Businesses all over the world face numerous several concerns associated with trade management. These concerns stem from a number of factors, like the product’s location of manufacturing, sourcing, as well as shipping. Also, security regulations of the delivery location, import, and export volume of the products; the number of partners part of the supply chain; combined with the degree of internal trade know-how also give rise to the said concerns. As a result, companies everywhere are opting for appropriate trade management solutions to uncomplicated their trade processes.
The trade management software helps approve, process, and validate online transactions properly and also administer trade e-documents like credit or bill of lading, invoice letters, and others. It also facilitates compliance with all the global trade regulations as well as rules, in addition to allowing complete traceability of the products at every stage of the entire trade process.
Factors like cost reduction, real-time visibility, increasing cross-border trade and complexities in global trade management can boost the growth of the trade management software market in the years to come. Also, massive investments being made for the development of logistics infrastructure in emerging countries can give rise to numerous growth opportunities for the trade management software market during the appraisal timeframe.
- Trade organizations
- Government agencies
- Industrial users
- Freight forwarders
- Global trade management vendors
- Enterprise users
The global market for trade management software has been segmented in terms of component, deployment, organization size, and vertical.
The components are solution and services, wherein the solution segment has been considered for import/export management, trade function, trade compliance, vendor management, supply chain visibility, duty management, invoice management, and others. The services types are implementation, support & maintenance and consulting.
Deployment-wise, the market segments covered are cloud and on-premise.
With respect to organization size, the primary segments are small and medium enterprises along with large enterprises.
Vertical-dependent segments in the market are government and public, transportation and logistics, aerospace and defense, Healthcare and life sciences, consumer goods and retail, manufacturing, energy utilities and others.
The Trade Management Software Market size is broadening at a rapid speed across the main regions of Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).
North America is at the vanguard of the global trade management software market and can gain further prominence from 2018 to 2023. The regional market receives strong backing from the large number of renowned companies like Aptean, Oracle Corporation, Precision Software, Integration Point, Inc., Thomson Reuters, among others. Additional growth-inducing factors in the regional market include the high concentration of early technology adopters and the high deployment rate of innovative technologies. The high cloud-based deployment in the region is giving birth to a host of growth opportunities for trade management players in the market.
APAC can expect to attain the highest growth rate from 2018 to 2023, on account of the increasing implementation of cloud-based technologies across numerous verticals combined with the rising adoption of digital technologies in India and China. Several initiatives are being implemented by the government bodies across the region, which is believed to be boosting the growth of the trade management software market.
Some of the emerging technological trends that are relevant to the trade management market in Europe are artificial intelligence (AI), Block chain, advanced analytics, internet of things (IoT), robotic process automation (RPA), conversational systems, among others. Over the years, a surge in trade management practitioners striving to explore the potential of IoT has been noted in the region, which also benefits the market.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Global Trade Management Software Market
5 Industry Overview Of Global Trade Management Software Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
List Of Tables
Table 1 Global Trade Management Software Market, By Region, 2018—2023
Table 2 North America: Trade Management Software Market, By Country, 2018—2023
Table 3 Europe: Trade Management Software Market, By Country, 2018—2023
Table 4 Asia-Pacific: Trade Management Software Market, By Country, 2018—2023
Table 5 The Middle East & Africa: Trade Management Software Market, By Country, 2018–2023
Table 6 Latin America: Trade Management Software Market, By Country, 2018—2023
Table 7 Global Trade Management Software Deployment Market, By Region, 2018–2023
Table 8 North America: Trade Management Software Deployment Market, By Country, 2018–2023
Table 9 Europe: Trade Management Software Deployment Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Trade Management Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Trade Management Software Market
FIGURE 4 Value Chain Of Global Trade Management Software Market
FIGURE 5 Share Of Global Trade Management Software Market In 2018, By Country (In %)
FIGURE 6 Global Trade Management Software Market, 2018-2023,
FIGURE 7 Global Trade Management Software Market Size By Component, 2018
FIGURE 8 Share Of Trade Management Software Market By Component, 2018 TO 2023
FIGURE 9 Global Trade Management Software Market Size By Deployment, 2018
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